Monday, October 24, 2011

FBI Business Espionage Warning - "If you haven't been a victim yet, it's because you have been and you don't know it, or you will be."

Kexue Huang, a scientist and native of China, pleaded guilty last week in a federal court to swiping millions of dollars worth of trade secrets from Dow Chemical Co. and Cargill Inc. for other people doing research in Germany and China.

A federal jury last month ordered South Korea's Kolon Industries to pay DuPont Co. $920 million for stealing trade secrets regarding synthetic fibers used in such products as Kevlar body armor. A former DuPont engineer hired by Kolon, Michael Mitchell of Virginia, was sentenced in March last year to 18 months in prison for theft of trade secrets for passing on key DuPont data to Kolon.

And area technology companies are likely fooling themselves if they think they're not in the cross-hairs of such spy efforts, according to the Federal Bureau of Investigation."If you haven't been a victim yet, it's because you have been and you don't know it, or you will be," Barry W. Couch, a special agent with FBI's Buffalo division, told a conference room full of area optics industry executives last week. "Don't be blindsided."

The FBI has designated espionage, including economic espionage, its second-highest priority, behind only terrorism. (more)

Who is Kevin?

Kevin D. Murray, CPP, CISM, CFE is the leading independent security consultant specializing in corporate surveillance detection and business espionage prevention. He began specializing in electronic surveillance detection (TSCM) in 1978, after several years conducting and directing corporate investigations.